WPL@$30

WPL $24.54 at the close yesterday and oil up fairly strongly overnight so should push back up towards $25 again on Monday.

Still destined to be a $30 stock this year imo - there’s currently just a couple of things stopping this happening.

(1) a temporary loss of momentum in the recovery phase due to some further COVID breakouts - Europe in particular - and a few hiccups with the vaccines rolling out.

(2) We have to accept that in the eyes of many WPL is a dirty oil and gas producer - and there are a great many ‘ green-lite’ crusaders who won’t invest in it at the moment.....easy to wave your green flag off the back of WPL’s poor set of financials and pissant dividend last time around.

As far as (1) - well that’s just a little bump in the road - pushes the timing back a bit - that’s all.

With (2) ....well the cash will be flowing into the coffers at current prices and word will start to get around soon that a big fat bottom line and juicy dividend is shaping up for WPL. There’s a tipping point where all that will become too difficult to ignore .....including for the lite crusaders....this is when the holding pattern around $25 will break to the upside.